In the remarks Mr. Romney later tried to deny, he derided President Obama: "He says we need more firemen, more policemen, more teachers." Then he declared, "It's time for us to cut back on government and help the American people." This bodes ill if Mr. Romney wins in November. For all indications are that the his idea of smart policy is to double down on the very spending cuts that have hobbled recovery here and sent Europe into an economic and political tailspin.

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